HDFC Bank, the country's second largest in the private sector, has continued to impress the market with its numbers at a time when the sector is hit by the dual pressure of non-performing assets (NPAs) and slower credit growth.

HDFC Bank hit a new high of Rs 1,538, up 2.7%, extending Friday’s 2.4% gain on BSE, after the private sector lender reported a better-than-expected net profit for the quarter ended March 2017 (Q4FY17).

For the second successive quarter, there was a massive drop in HDFC Bank's headcount that came down by over 6,000 to 84,325 owing to increased digitalisation in the March quarter and it expects the trend to continue.

Shares of HDFC Bank moved higher to its record high of Rs 1,495, up 2.3% on the National Stock Exchange (NSE) after the private sector lender reported a better-than-expected 18% growth in standalone net profit at Rs 3,990 crore for the quarter ended